Gate Gourmet, Inc. 401(k) Review & Grade
Gate Gourmet, Inc. 401(k) Plan
Reston, VAAccommodation & Food Services1,702 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,659Employer $ per active participant
$3,629Employee $ saved per active participant
0.21%Direct admin cost, % of plan assets
$101.0MNet plan assets, end of year
$64,711Average balance per account
Score breakdown
- Employer generosity47.2 / 5094th percentile for employer $ per participant
- Low cost13.1 / 2552th percentile for low admin cost vs. same-size plans
- Employee saving14.1 / 1594th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score74 / 100 · Grade B
This plan vs. peers
Peers: Accommodation & Food Services plans with 500–2,499 active participants (458 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 94th |
| Lower admin cost | 52th |
| Employee saving | 94th |
| Peers that auto-enroll | 17% |
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Red flags from the filing
Corrective distributions: the plan refunded $13,499 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Gate Gourmet put in about $1,659 per active participant, more than the typical peer ($266). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $2,823,121 |
| Participant (employee) contributions | $6,177,216 |
| Other contributions (incl. rollovers in) | $615,049 |
| Administrative expenses paid from the plan | $205,833 |
| Benefits paid out | $13,138,694 |
| Net assets, start / end of year | $92.7M / $101.0M |
| Active participants, start / end of year | 1,765 / 1,639 |
| Participants with account balances | 1,561 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Baker Tilly, US LLP |
Largest service providers (Schedule C)
| Transamerica Retirement Solutions | $205,833 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015093356NAL0004189745002, received 2025-10-15, EIN 36-3333786, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.